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Gold/Mining/Energy : Clifton Mining (CFB-Alberta)-Silver Play
CFTN 0.1100.0%Nov 6 12:08 PM EST
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To: Dan P who wrote (278)2/14/1998 8:33:00 AM
From: David Luton   of 653
 
Dan:

I like your conservative style because it, compared to some of
the promoter bandits elsewhere on the web attracted me to
this site in the first place. However I believe you under
estimate both your knowledge and capability in this case.
My apologies in advance for a long response as this is
a complicated issue. I will only consider the relevant
Clifton issues as this is a Clifton thread.

If we use an analogy from real life the basic question is
whether we are better off marrying a girl (Clifton) now or
waiting for the attractions of her younger sister (American
Consolidated Mining Company.) We know we are going to
marry within the family, the basic question is which is
the best choice now before the market price gets too high.

The key to realize is that if you expect to wait for a certain
time frame (say 12 months)to realize your investment objectives
with Clifton, at least double it with ACMG. Because of the
number of upcoming potential synergies between the two companies
I am concerned that the controlling shareholders of both
(The Moellers) will merge the two companies and not give us
the chance to examine the respective merits of each.
Your update response makes it clear. The next major
production issue is the partially completed big mill.

For a real life example of what I am talking about see another
silver thread (United Keno Hill UKH - Toronto) and their
upcoming merger with (NDU Resources - NDU Vancouver). Like
a marriage, both parties bring some benefits to the union and
the whole is greater then the sum of the parts.

What we have to do is to analyze the synergies each brings to the union so that the likely market price relationships can be
determined in a relationship between the two. We buy the
undervalued partner.

Dan: If you feel unqualified I even feel less but let me
give it a shot. I don't think anyone has the answer
but maybe collectively we can work it out.

It has been mentioned on several posts the following
interrelationships between ACMG/Clifton.

1) It was Claude Cormier's post of early January
(See # 201) on this thread that got me to thinking
about this issue.

In it he mentioned that he believes ACMG holds
1,300,000 shares of Clifton. This is over 5% of
the total issued. Dan: Do you know what is the
true number and if there are any other Clifton
warrants or rights held by ACMG?

2) Their property is adjacent to Clifton. Dan over to
you, What do you think are the odds that the
Clifton propety veins extend into ACMG's site?
(There is a certain valley up in Idaho where a lot
of the present silver blue chips got established
by just the same situation.)

Continued on next post
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